Romgaz and Termoelectrica sign debt for equity deal

Romgaz signed a deal with Termoelectrica to take majority stake in Iernut thermal power plant whereby the gas producer will cut its debt of 160 million lei, in a debt for equity swap approved by the Ministry of Economy. Romgaz plans to build here a new natural gas-fired plant of 600 MW. The operations of the thermal power station in Iernut, Mures has been outsourced from a subsidiary of Electrocentrale Bucuresti into a station of Termoelectrica. “This agreement is a win-win deal for both ...

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